Yes, the Galaxy S23 family is a hit
That’s roughly equivalent to $2.5 billion and it’s made that much more remarkable by the division’s year-on-year dip in quarterly revenue from over 29 trillion won to the aforementioned KRW 25.55 trillion. In other words, Samsung somehow managed to derive more profit from selling fewer phones this quarter compared to last year’s Q2, which is a very Apple move likely to keep investors relatively content despite…
Another huge memory loss!
That’s some very careful language suggesting more potential woes on the horizon for this key Samsung business, which undoubtedly contributed to a modest overall operating profit of KRW 0.67 trillion in Q2 2023.
That’s extremely similar to the KRW 0.64 trillion gained during the first three months of this year, when the memory division also lost a whopping 4.58 trillion won, while representing a massive decline of 95 percent (!!!) compared to the overall profit score of Q2 2022, when DRAM and NAND chips were still sizzling hot.
